12/05/2011 Intraday Watering

[cougar]

For QQQ, during the “30 min opening range” there was a surprising BOT-induced fractal similarity of trade patterns between today and Friday.
Q: will this similarity extend in time?

This is what I mean.
If the answer to the Q is yes, a down-trip should start soon.

I bet on it that it will, well, so far the early bird got shot down

Yes...Here they go...
Let us watch it and make some $$$!
That's fun!

[jynmax]

not good looking but I'll wait for a few bars. Maintain the target.

cobra,could you please tell me did the OR BREAKOUT work on the other symbol,like qqq&dia?

don't follow, it's not that simple, you cannot trade every OR breakout, otherwise you'd lose a lot. I just report whenever some other conditions are met so that OR breakout has a little better chances.

OK,COBRA,thank you very much.

[Al_Dente]

OK, I copied it and saved in my chart book, now I don't need you any more HAHAHAHAHAH
Nice set up! keep it coming.

Baron von Meanie52x
There was a time, not too long ago, when you needed me http://www.youtube.com/watch?v=ilny-CIVdnQ

Internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

Here’s a JPM graph of Labor Compensation as one of the drivers behind expanding corporate profit margins (aka “occupy”).
[Copyright J.P. Morgan, 1 December, 2001] http://screencast.com/t/v3xB011TEA2
Oooooops, I forgot, you and cougie don’t like fundamentals, never mind then.

[uempel]

So, whataya got against the dollar, other than it’s bull spy at the moment
Five days here
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15

PS: Uempel, as u know it’s just 7 different pieces of the puzzle, but there is an uncanny beauty in throwing them altogether in one chart, right in your face. For lack of a better term, we’ll call it “Uncle Al’s Internals.” PS: when u have a moment, please post Amy…something calming… thanks

Today it's all Katie Kissoon, first vid with Pink Floyd

http://www.youtube.com/watch?v=4RvifrDiFLE

second vid with Van Morrison and Candy Dulfer

http://www.youtube.com/watch?v=BKnVLa986cs

[StrikePrice]

Primary Count remains on track. I see no problem with this uptrend without first dropping below 1,254. I expect we carve out a Running Flat with wave C fooling a lot of Bears. So far we have yet to have a Bear paw smack down, it's been all Bull since 1,159. Next stop for wave 3 of 5 is 1,277.

[BullBear52x]

OK, I copied it and saved in my chart book, now I don't need you any more HAHAHAHAHAH
Nice set up! keep it coming.

Baron von Meanie52x
There was a time, not too long ago, when you needed me http://www.youtube.com/watch?v=ilny-CIVdnQ

Internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

Here’s a JPM graph of Labor Compensation as one of the drivers behind expanding corporate profit margins (aka “occupy”).
[Copyright J.P. Morgan, 1 December, 2001] http://screencast.com/t/v3xB011TEA2
Oooooops, I forgot, you and cougie don’t like fundamentals, never mind then.

nice crossed on VIX and TNX, if it works for a week I think it's worth a try.

[rhight]

Since we all heard that the Euro "soared" this morning, this chart puts some perspective on it. It looks like it might soar out of the trash can at some point, but certainly not yet.

[jarbo456]

this was just a thought i've been pondering. again, not much "TA" involved in this, but considering the past six months...

during light trading at the end of the summer, the market crushed participants - August 9th lows. (unexpected?)
during a neutral month, October (typically neither bullish nor bearish) - it made a 200 S&P point ramp. (unexpected?)
during what should be considered a bullish week - dropped more than 50 S&P points. (unexpected?)

plenty of people focused on a potential pullback here before we ramp into the end of the year rally...some more than others, but overall, a general sense of at least a pullback to maybe 1250'ish (some wanting/hoping for lower).

it might be most destructive to ramp now to above 1300 (1320/40 near term - potentially 1400), to then pullback for the last 10 days or so of the year. i know! i just said 1400!!!!!

we all have to have a wider "theme" to trade on. this might be what i'll look for now...

[BullBear52x]

this was just a thought i've been pondering. again, not much "TA" involved in this, but considering the past six months...

during light trading at the end of the summer, the market crushed participants - August 9th lows. (unexpected?)
during a neutral month, October (typically neither bullish nor bearish) - it made a 200 S&P point ramp. (unexpected?)
during what should be considered a bullish week - dropped more than 50 S&P points. (unexpected?)

plenty of people focused on a potential pullback here before we ramp into the end of the year rally...some more than others, but overall, a general sense of at least a pullback to maybe 1250'ish (some wanting/hoping for lower).

it might be most destructive to ramp now to above 1300 (1320/40 near term - potentially 1400), to then pullback for the last 10 days or so of the year. i know! i just said 1400!!!!!

we all have to have a wider "theme" to trade on. this might be what i'll look for now...

and now you think the 3 reversal candles meant nothing in TA communities?

[SB73]

Looks like a bunch of topping tails on the 5 min..trying another scalp right here.

Rip the scalp off at EMA 20 and go long

[Cobra]

H2 Long on EMA20, I'm not sure, let's see.

[BullBear52x]

here how I see it, still weak.

[tdo722]

OK, I copied it and saved in my chart book, now I don't need you any more HAHAHAHAHAH
Nice set up! keep it coming.

Baron von Meanie52x
There was a time, not too long ago, when you needed me http://www.youtube.com/watch?v=ilny-CIVdnQ

Internals
http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427

Here’s a JPM graph of Labor Compensation as one of the drivers behind expanding corporate profit margins (aka “occupy”).
[Copyright J.P. Morgan, 1 December, 2001] http://screencast.com/t/v3xB011TEA2
Oooooops, I forgot, you and cougie don’t like fundamentals, never mind then.

Al,

Wow, first time listening to this song.

I like your taste in music Al. I'm learning a lot since I'm so young.

Cheers,
Tdo722

[jarbo456]

this was just a thought i've been pondering. again, not much "TA" involved in this, but considering the past six months...

during light trading at the end of the summer, the market crushed participants - August 9th lows. (unexpected?)
during a neutral month, October (typically neither bullish nor bearish) - it made a 200 S&P point ramp. (unexpected?)
during what should be considered a bullish week - dropped more than 50 S&P points. (unexpected?)

plenty of people focused on a potential pullback here before we ramp into the end of the year rally...some more than others, but overall, a general sense of at least a pullback to maybe 1250'ish (some wanting/hoping for lower).

it might be most destructive to ramp now to above 1300 (1320/40 near term - potentially 1400), to then pullback for the last 10 days or so of the year. i know! i just said 1400!!!!!

we all have to have a wider "theme" to trade on. this might be what i'll look for now...

and now you think the 3 reversal candles meant nothing in TA communities?

by 3 you mean, exhaustion on wed, doji spinning top thursday, and red shooting star on friday? i think they mean SOMEthing, but i'm not sure what. it's hard to sell (even though i did) on that pattern with the follow counter-indicators: MACD hist bullish crossover, RSI daily over 50, and all of the daily moving averages either flat or slightly curled up...also with that being said, i would say (and every please chime in here) 75% of my weekend was spent reading USD (/DX) analysis...EVERYone and their mamma's are watching and commenting on the dollar.

here is a weekly and a daily of /DX...it doesn't look bullish at all to me. the only saving indicator is that all of the technical indications have yet to be confirmed by the moving averages...although all of them, 10, 20, and 200 have totally flattened out.

i'm not saying i know anything more than you guys, just putting together another point of view and seeking comment.

[Al_Dente]

PAGING COUGAR:
OMG OMG OMG musher…… unbelievable
Goal: Iditarod?
Or goal: sheer enjoyment of pure beauty and truth?
At the risk of being too invasive, I would LOVE to see pix of yr team
PS: Those mushers are gnarly dudes; u seem more intellectual and right/left brain…
PPS: now I understand where all that money u make in the mkt goes to (eg: dog food and girlfriend).

PAGING OTHERS: Did Al miss a memo or what? Sheesh, last month I couldn’t get a ghost to click on my “internals”.
Now all of a sudden folks are crazy about internals, here’s an update:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
Note how the RSI (purple at the bottom) showed a neg diverg at ~10:00 ET, then finally kicked in FORTY FIVE MINUTES LATER with SPY “””pullback”””” ….

[jarbo456]

why i went short XLF via puts...

neg d on macd, and clearly a rising wedge stopping at the 61.8 retrace.

[lazytrader]

Excellent chart posted by one of the must follow on twitter. Gann360

http://content.screencast.com/users/cha ... 5_1017.png

[BullBear52x]

this was just a thought i've been pondering. again, not much "TA" involved in this, but considering the past six months...

during light trading at the end of the summer, the market crushed participants - August 9th lows. (unexpected?)
during a neutral month, October (typically neither bullish nor bearish) - it made a 200 S&P point ramp. (unexpected?)
during what should be considered a bullish week - dropped more than 50 S&P points. (unexpected?)

plenty of people focused on a potential pullback here before we ramp into the end of the year rally...some more than others, but overall, a general sense of at least a pullback to maybe 1250'ish (some wanting/hoping for lower).

it might be most destructive to ramp now to above 1300 (1320/40 near term - potentially 1400), to then pullback for the last 10 days or so of the year. i know! i just said 1400!!!!!

we all have to have a wider "theme" to trade on. this might be what i'll look for now...

and now you think the 3 reversal candles meant nothing in TA communities?[/quote]

by 3 you mean, exhaustion on wed, doji spinning top thursday, and red shooting star on friday? i think they mean SOMEthing, but i'm not sure what. it's hard to sell (even though i did) on that pattern with the follow counter-indicators: MACD hist bullish crossover, RSI daily over 50, and all of the daily moving averages either flat or slightly curled up...also with that being said, i would say (and every please chime in here) 75% of my weekend was spent reading USD (/DX) analysis...EVERYone and their mamma's are watching and commenting on the dollar.

here is a weekly and a daily of /DX...it doesn't look bullish at all to me. the only saving indicator is that all of the technical indications have yet to be confirmed by the moving averages...although all of them, 10, 20, and 200 have totally flattened out.

i'm not saying i know anything more than you guys, just putting together another point of view and seeking comment.[/quote]




I am not bearish either, but I expected a pull back that's all, really, if you're long and don't hold over night you make nothing with this gap and flat. never say you don't know much I learned everyday from anyone of us here.

[uempel]

PAGING COUGAR:
OMG OMG OMG musher…… unbelievable
Goal: Iditarod?
Or goal: sheer enjoyment of pure beauty and truth?
At the risk of being too invasive, I would LOVE to see pix of yr team
PS: Those mushers are gnarly dudes; u seem more intellectual and right/left brain…
PPS: now I understand where all that money u make in the mkt goes to (eg: dog food and girlfriend).

PAGING OTHERS: Did Al miss a memo or what? Sheesh, last month I couldn’t get a ghost to click on my “internals”.
Now all of a sudden folks are crazy about internals, here’s an update:
http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
Note how the RSI (purple at the bottom) showed a neg diverg at ~10:00 ET, then finally kicked in FORTY FIVE MINUTES LATER with SPY “””pullback”””” ….

Yeah, we've been doing some advertising for you - see my weekend answer to a comment by a guy named Browns-Fan...

As to me - I'm just waiting for 13.20 pm...

[Petsamo]

UNG's functioning as a contra-SPX.